Gold Is Not An Investment.

I had a client who listens to a certain AM radio talk show personality. Who is heavily sponsored by a company called "Goldline". My client became convinced the economy was going to collapse. And wanted to move all his retirement money to gold. I couldn't stop him, but at least I got him to only move half. That was when gold was at $1750. Within a year it was around $1100. For him, yeah horrible investment.

I on the other hand, took the collapse of gold and silver as a good time to buy. I bought a little gold at $1100, $1200. I bought a lot of silver at $14 $15 $16. I think I'll do ok.

I also bought heavily into the stock market during the "great recession". Did really well there. It's all a matter of timing and perspective.

My wife bought herself a nice gold necklace not long after she got her first real job. She saves everything so out of curiosity I asked if she saved the receipt. She had. Just in melt it worth 3x what she paid for it. And she has worn it hundreds of times over the years. It doesn't tarnish. It doesn't corrode. If it get a little dirty a quick dip in some jewelry cleaner makes it look as good as new. Because it is. So there is also that aspect to consider.

Gold is an definitely a long term investment. Don't think we witnessed value of gold going down in the long run. However whether it is a wise investment or not is a separate question. And that entirely is dependent on what the objective is. There surely is some fascination towards the gold that many countries have witnesses culturally or otherwise.

I ran across this thread and albeit, a bit late, I'll add a brief comment. We are LONG TERM, minor gold COIN investors. There's a difference ofcourse because of the specific Numismatic values. That said, the Central bank of the United States has way too much control of our countries financial stability. One of their ASSETS now includes the gold at Ft. Knox...don't say it...I am well aware of the speculations surrounding the Ft. Knox Depository. I didn't see where the FED was mentioned in any of these posts. There was a post about banks hoarding gold. I wouldn't say that all banks "hoard" gold but, they do indeed store it with our largest and most helpful and or harmful banking establishment - the Federal Reserve! Please don't consider my comments on the FED as being in any way political. These are facts and I'm NOT a political person...against or for.

Most of our personal gold coin investments have been quite lucrative although we haven't sold any yet. We do follow the bullion markets quite closely - gold and definitely silver.

Agree or disagree...it's ok. Small amounts of gold coins are just as enjoyable as silver! Silver is by far my most valuable collection in my eyes, regardless of the shiny lure of gold and the massive history surrounding it's discoveries!

Place a $5.00 dollar bill in your wallet together with a piece of gold jewelry. Then wait 5 years latter.
You got the picture?

what a great thread. I just read the whole thing for the first time since my own post four years ago. thanks, everyone. not my thread, but I thank you all for posting your thoughts anyway. lively & interesting.

regarding my post, to be clear, I was referring to central banks.

but after reading the whole thing I would offer this as my own summation:

(stealing from the title... well, not really stealing, just adding to it)

Gold Is Not An Investment To Everyone.

my thoughts on it haven't changed. it's still primarily just a store of value for me. I look at it as a savings account, except I'm the bank & banker. yeah, that's me. First Pink Savings.

..but, turning my thoughts to the post that kicked-off this thread.. the point headstar made was not lost on me. that linked article was from seeking alpha. I probably looked at it four years ago, but I don't need to revisit it. I don't listen to the financial gods at all. gold is doing for me what I need it to do, and that's all that matters. I don't really look at it as an investment, but at the same time I don't see myself selling my enormous hoard of almost three ounces so I can get into (*snork*) u.s. treasury bonds. what a lousy investment that'd be for me. I seriously doubt a u.s. treasury bond would fit into any of my 1/10oz capsules.

@Earle42...Just keeping it real.

Here are some other ideas of investing in gold. Ofcourse, we all think of coins but, there are so many other ways to invest in gold. We invested in a mining company a while back and it ended up being a wise investment. We had transferred an IRA into it.

https://www.forbes.com/advisor/inve...est-in-gold/